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2 Retails Stocks to Buy After Wednesday’s Sales Surprise

by | Feb 18, 2022 | Options

The weekend is here, which means two things… First, we get fresh tickers for the New Money Crew Weekend Watchlist…

Second, it means we get a break from this miserable price action, and markets are closed Monday for Presidents Day.

Like I mentioned earlier this week, there’s no getting around the Ukraine-centered headlines.

When they were bad, the market sold off. When they weren’t, it rallied.

In times like this, the best thing a trader can do is take a vacation…

For the degenerates who can’t stay away, the next best thing is to target catalyst events like earnings to move equities — but that’s far from a guarantee when you’re trading options.

Case in point, it’s been a slow week for the New Money Crew strategies…

While we scored some wins for Wiretap Alerts in Peabody Energy Corp. (NYSE: BTU) and Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) — and I should have held on to my Schlumberger Ltd. (NYSE: SLB) calls, facepalm… — all of this volatility has completely jacked up options pricing into Friday’s expiration.

With Monday off, the service will look to keep the winning streak rolling and rack up its fourth holiday weekend hat trick!

Despite the lackluster options results, several of my Sweet Spot Stocks picks have had excellent showings this week…

Four of our featured companies including Titan International Inc. (NYSE: TWI), Innoviva Inc. (Nasdaq: INVA) and BioCryst Pharmaceuticals Inc. (Nasdaq: BCRX) all hit 52-week highs amid amid all the chop!

And that’s the kind of positivity we want to carry over into our latest New Money Crew Weekend Watchlist…

New Money Crew Weekend Watchlist: Feb. 18

With headlines blowing the markets around, let’s limit our risk and keep our focus narrow for the holiday-shortened week.

At the top of the list, New Money Crew is going back to retail… January’s sales figures were impressive given the inflation that’s reached the markets through the pandemic. And one of my favorite retail stocks to trade is Macy’s Inc. (NYSE: M).

Readers of Blitz Daily know that Macy’s is seeing call-buyers show up for earnings on Feb. 22, with bullish flow in the March 18 expiration $33 strike calls. 

Those options are a bit too far out of the money for my taste, but it does capture earnings, so never say never. Market makers are implying around a $5 move higher or lower between now and March expiration.

The other consumer cyclical target Presidents Day weekend traders need to have on their radar is AutoNation Inc. (NYSE: AN). Shares of the auto retail name saw a nice bump on the heels of its impressive earnings report — pulling $5.76 per share and besting consensus estimates by more than 13%.

The key factor for this earnings surprise was the jump in used-car revenues — up 55% year over year — which more than made up for the dip in new car sales. 

With inflation running hot and supply chain issues limiting new production, it’s a good time for the New Money Crew Weekend Watchlist to get into the used car game.

For more guidance through the stock markets and big-money trades like these as we head into the weekend, check out my Wiretap Trade Alerts strategy! New trades are issued at 2:30 p.m. EST every Friday!

See you there!

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WRITTEN BY<br>Lance Ippolito

Lance Ippolito

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